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How much does a 401(k) contribute to your net worth?

Retirement accounts including 401 (k)s are the second-largest contributor to household net worth, according to a 2019 Census Bureau analysis. That Net Worth of Households report found that 401 (k) and other retirement accounts accounted for approximately 29% of the typical household’s assets.

How important is your 401(k)?

The value of your 401 (k) or other retirement accounts is one of the biggest components of your net worth. And net worth is one of the most important benchmarks for appraising your financial health.

Should 401(k) and Ira be included in your net worth?

Your 401 (k) and IRA should be included in your net worth calculation. You can find information about the current market value of some of the assets you own, such as collectibles, by looking on eBay, and using Edmunds or Kelley Blue Book to determine the current value of your vehicles.

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